How would you like to support the VNA of Hudson Valley family of home care organizations while benefitting financially? Through a variety of planned gifts options you can make a long term financial gift to the organization while benefitting from an immediate tax deduction and potential lifetime income. Some gifts can actually cost you nothing during your lifetime.
Anyone at any age can make a planned gift and you do not need to be wealthy to do so. Whether you are raising a family, planning for retirement or enjoying your golden years, there is an opportunity for you to support our family of organizations. We encourage you to read on to see how you can make a mutually beneficial gift that will help secure the future for all we serve.
We are happy to talk to you about any of the options for a planned gift highlighted on this site. Please contact: Lauren Malone, Vice President of Development at (914) 666-7616. Whatever gift option works for you, please remember it is recommended that you consult with your own financial advisor.
Bequests are the most common way to make a planned gift to the VNA of Hudson Valley family. By including the organization as a beneficiary in your will or trust, you are making a gift that doesn’t cost you anything during your lifetime. You can indicate a specific amount or assign a percentage of the balance remaining in your estate.
The benefits to making a bequest include your assets remain in your control during your lifetime. You can modify a bequest as necessary and designate your gift for a certain purpose.
Sample bequest language:
I give and devise to VNA and Hospice Care Foundation of Hudson Valley located in Tarrytown, NY, the sum of $______ to be used for its general purposes or for the support of (specific program.)
I give and devise all or a percentage of the residual of my estate to VNA and Hospice Care Foundation of Hudson Valley to be used for general support or a specific program.
In many instances, you can avoid costly taxes to your estate by making the VNA of Hudson Valley the beneficiary of your retirement plan – such as an IRA, 401 K, 403 B, Deferred Comp, Keogh or other qualified plan. Making the VNA of Hudson Valley the beneficiary of your retirement plan should only require updating your beneficiary form which can be obtained from your plan administrator.
If you have appreciated stocks, bonds or mutual funds that you have owned for one year or more, you can transfer these assets to the VNA of Hudson Valley while getting an immediate tax deduction for the gift’s value of the day you make the gift. You will not have to pay capital gains on this transfer and can take the yearly tax deduction up to 30% of your adjusted gross income (AGR). Any amount over the 30% of your (AGR) can be deducted during the next five tax years if necessary.
If you are interested in making a gift of stock, please call or have your broker call us at (914) 666-7161 ext 210 for electronic delivery details.
You can name the VNA of Hudson Valley beneficiary of your life insurance policy. You may also transfer ownership of any paid-up policy. If a policy is given during your lifetime, you can take an immediate income tax deduction on the policy’s current value and on any future premiums that you may have to pay for the policy. Death benefits passed on to your heirs are not subject to income taxes, but can be subject to state and federal taxes. Contact your plan administrator for the appropriate forms to change ownership or beneficiary designations.